CEOs' Deficit Push Falters in Political Echo Chamber

By

Damian Paletta

Dec. 31, 2012 9:51 p.m. ET

WASHINGTON—It was one of the most expansive consortiums of business executives ever assembled: "Fix the Debt," some 100 titans ranging from pillars of Wall Street to department-store magnates. They pooled their money, descended on Washington and pleaded for bipartisanship and compromise on the country's tax and spending problems.